Item 3DWATER AND SEWER ENTERPRISE FUND
Comparative Statement of Revenues and Expenses
for the period ended July 31, 2008 and July 31, 2007
(fiscal month 10-83.33%)
AMENDED
Percent
Year to Date2008Collected/Year to Date
7/31/08BudgetExpended7/31/07
REVENUES
Water Sales-residential$6,929,378$10,500,00066.0%$5,882,440
Water Sales-commercial2,020,9383,100,00065.2%1,909,094
Sewer Sales3,330,1673,900,00085.4%3,189,466
Sanitation Sales796,5601,156,16368.9%825,089
Other utility charges58,727289,75020.3%230,689
Miscellaneous151,285106,000142.7%140,817
300,00063.6%164,200
Interest Income190,711
$19,351,913
Total Revenues$13,477,76669.6%$12,341,795
EXPENSES
Water$4,944,973$10,655,01546.4%$5,273,697
Utility Billing312,083 419,847 74.3%221,558
Sewer3,087,6032,184,385141.3%980,466
Sanitation385,289837,83446.0%565,676
5,358,22981.9%4,370,520
Debt Service4,386,789
$19,455,310
Total Expenses$13,116,73767.4%$11,411,917
Excess (deficiency) of
Revenue over Expenses$361,029($103,397)$929,878
OTHER FINANCING
SOURCES AND (USES)
Transfer In-Other Funds$0$0
Developer Contributions$0$50,000$0
Transfer Out-Other Funds0(388,038)(275,595)
Total Other Sources/(Uses)$0($338,038)($275,595)
Excess (deficiency) of
Revenues and other sources
($441,435)$654,283
over Expenses$361,029
GENERAL FUND
Statement of Revenues, Expenditures and Changes in Fund Balance
for the period ended July 31, 2008
with comparative actual amounts for the period ended July 31, 2007
(fiscal month 10-83.33%)
Percent
Year to Date2008Collected/Year to Date
REVENUES7/31/08BudgetExpended7/31/07
Ad Valorem Taxes$14,690,328$14,677,181100.1%$13,002,634
Sales Tax7,353,2338,402,60087.5%6,760,071
Franchise Fees2,129,2482,471,97186.1%1,635,729
Fines693,5571,000,00069.4%794,068
Charges for Services716,854903,57079.3%696,128
Permits/Fees1,583,3531,635,25096.8%1,733,219
Miscellaneous625,740663,81294.3%578,456
Interest Income474,685400,000118.7%228,060
Total Revenues$28,266,998$30,154,38493.7%$25,428,365
EXPENDITURES(1,170,011)
City Secretary$254,933$387,74665.7%$235,309
Human Resources320,256437,79573.2%307,589
City Manager433,324635,32268.2%391,512
Support Services2,517,2324,167,11660.4%2,559,589
General Government Total3,525,7455,627,97962.6%3,493,999
Finance854,3441,166,05473.3%767,837
Municipal Court448,436554,51980.9%429,183
Municipal Court-Teen Court91,974126,94872.5%87,831
Finance Total1,394,7541,847,52175.5%1,284,851
Fire 3,461,0444,253,15981.4%2,837,689
Police4,016,0085,924,68367.8%4,030,062
Public Safety Support1,039,8561,586,62765.5%1,461,072
Public Safety Total8,516,90811,764,46972.4%8,328,823
Streets/Drainage1,391,8331,612,07886.3%1,180,493
Public Works Administration808,5861,196,70567.6%715,195
Public Works Total2,200,4192,808,78378.3%1,895,688
Building Inspections668,753973,50868.7%542,169
Planning674,8851,000,01967.5%631,016
Planning Total1,343,6381,973,52768.1%1,173,185
Economic Development230,198358,89764.1%237,406
Economic Development Total230,198358,89764.1%237,406
Community Services285,491513,07955.6%439,058
Parks and Recreation3,112,9814,168,08874.7%2,664,339
Library Services439,018578,82575.8%400,236
Community Services Total3,837,4905,259,99273.0%3,503,633
Total Expenditures$21,049,152$29,641,16871.0%$19,917,585
Excess (deficiency) of
Revenue over Expenditures$7,217,846$513,216$5,510,780
OTHER FINANCING
SOURCES AND (USES)
Proceeds from lease/CO (net)$0$0$0
Transfer In-Other Funds0408,195295,752
Transfer To-Other Funds0(1,085,000)(1,700,000)
Total Other Sources/(Uses)$0($676,805)($1,404,248)
Excess (deficiency) of
Revenues/other sources over Exp.$7,217,846($163,589)$4,106,532
FUND BALANCE OCT 1$7,768,639
Change in reserved fund balance$0
ENDING FUND BALANCE$7,605,050
fund balance percentage25.66%
CITY OF SOUTHLAKE
1% SALES TAX REPORT
2008CollectedBudgetBalance
Budgetto DateBalancePercent
$8,202,600$7,353,233$849,36710.35%
FISCALFISCALFISCAL
YEAR% IncYEAR% IncYEAR% Inc
MONTH2006-Dec2007-Dec2008-Dec
933,496126.2%674,934-27.7%686,4991.7%
October
520,78110.8%619,50919.0%802,41729.5%
November
823,10614.4%1,106,02634.4%1,174,2606.2%
December
499,82114.7%559,46911.9%760,27635.9%
January
477,01916.2%611,24228.1%619,8281.4%
February
733,39714.7%804,7529.7%856,0106.4%
March
619,82026.0%664,7687.3%749,50812.7%
April
632,95429.2%744,25817.6%787,3365.8%
May
899,05043.1%828,321-7.9%917,09910.7%
June
509,76713.2%715,34240.3%0-100.0%
July
642,63723.7%672,6144.7%0-100.0%
August
773,38626.2%810,2584.8%0-100.0%
September
TOTAL$8,065,233$8,811,494$7,353,233
Three Year Revenue ComparisonThree Year Revenue Comparison
Three Year Revenue Comparison
by Monthby Month
by Month
140.0%800000
1200000
700000
120.0%
1000000
600000
100.0%
800000
500000
80.0%
400000 600000
60.0%
300000
400000
40.0%
200000
200000
100000
20.0%
0
0
0.0%
FISCAL YEAR 2006FISCAL YEAR 2007FISCAL YEAR 2008
FISCAL YEAR 03-04FISCAL YEAR 2005FISCAL % Inc -DecFISCAL % Inc -Dec
ActualBudgetActualEstimated(budget-est.)%
Month2007200820082008DifferenceChange
$ 628,294674,934$ $686,499686,499$ 58,205$ 9.26%
October(*)
$ 576,699619,509$ $802,417802,417$ 225,717$ 39.14%
November(*)
$ 1,029,5971,106,026$ $1,174,2601,174,260$ 144,663$ 14.05%
December(*)
$ 520,809559,469$ $760,276760,276$ 239,467$ 45.98%
January(*)
$ 569,004611,242$ $619,828619,828$ 50,825$ 8.93%
February(*)
$ 749,142804,752$ $856,010856,010$ 106,868$ 14.27%
March(*)
$ 618,831664,768$ $749,508749,508$ 130,677$ 21.12%
April (*)
$ 692,828744,258$ $787,336787,336$ 94,507$ 13.64%
May (*)
$ 771,082828,321$ $917,099917,099$ 146,017$ 18.94%
June (*)
$ 665,911715,342$ $0665,911$ -$ 0.00%
July (*)
$ 626,135672,614$ $0626,135$ -$ 0.00%
August(*)
$ 754,267810,258$ $0$754,267 -$ 0.00%
September(*)
TOTAL$ 8,202,6008,811,494$ 7,353,233$ 9,399,546$ 1,196,946$
* Beginning April 2006 includes Grand Avenue sales tax collections per 380 agreement
80% of collections will be distributed to Cooper & Stebbins